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Stay close to your workplace to minimize your expenses.

Postby Presh » 06 Nov 2023, 05:58

One expense that takes so much money from us is transportation to work. You could cut that expense by finding an apartment in the area your workplace is located.
Other way round, seek jobs around the location that you stay, preferably, trekking distance from your home.
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Re: Stay close to your workplace to minimize your expenses.

Postby Nsikan » 06 Nov 2023, 06:41

This is very important. Don't spend more than 10% of your pay on transportation to work. If you do, you are losing while your employer gains.
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Re: Stay close to your workplace to minimize your expenses.

Postby Treborika » 06 Nov 2023, 09:04

l once used this strategy to save alot of money when l was working in a company. l had chosen to live nearby the job location for the ease of commutance.
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Re: Stay close to your workplace to minimize your expenses.

Postby augusta » 06 Nov 2023, 09:55

You are right even transport fare alone Cost a lot. you would save thos if you stsy close by.
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Re: Stay close to your workplace to minimize your expenses.

Postby nela13 » 06 Nov 2023, 10:30

I don't work very close to my work, I need to drive for about 20 minutes to get there. I work in the city but I live in a rural area. I spend around 80€ every month on gas/diesel but buying a house in the city is completely out of the question.
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Re: Stay close to your workplace to minimize your expenses.

Postby Pistis » 06 Nov 2023, 15:12

nela13 wrote:I don't work very close to my work, I need to drive for about 20 minutes to get there. I work in the city but I live in a rural area. I spend around 80€ every month on gas/diesel but buying a house in the city is completely out of the question.
That means you are earning a lot of money because that cost of commuting to work is quite high.
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Re: Stay close to your workplace to minimize your expenses.

Postby Uty Theo » 06 Nov 2023, 18:32

It doesn't even make sense to stay far away from your workplace. If I have a long term prospect for a job that is outside my area, I move close to the location of the workplace.
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Re: Stay close to your workplace to minimize your expenses.

Postby Kalayla » 07 Nov 2023, 00:58

When you stay close to your workplace, you are not too stressed with your commute to work which helps your health in the now and future. Overall, it helps you reduce your health budget.
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Re: Stay close to your workplace to minimize your expenses.

Postby Presh » 07 Nov 2023, 06:03

Even when my salary has been increased, I still prefer to live close to my place of work. No matter how little it might seem, transport to work is saved and I channel the money into something else.
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Re: Stay close to your workplace to minimize your expenses.

Postby nela13 » 07 Nov 2023, 10:08

Pistis wrote:That means you are earning a lot of money because that cost of commuting to work is quite high.

I still think that I spend a lot of money on transport because the price of diesel is so high. I already shared a car with a colleague but at the moment that is not possible, so I feel that my monthly transport expense is now higher
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Re: Stay close to your workplace to minimize your expenses.

Postby Presh » 07 Nov 2023, 17:10

nela13 wrote:
Pistis wrote:That means you are earning a lot of money because that cost of commuting to work is quite high.

I still think that I spend a lot of money on transport because the price of diesel is so high. I already shared a car with a colleague but at the moment that is not possible, so I feel that my monthly transport expense is now higher
I always think that if anyone spends more than 10% of the income on commuting to work, that job is not worth it.
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Re: Stay close to your workplace to minimize your expenses.

Postby Nsikan » 08 Nov 2023, 04:30

Transportation cost to work is one of the things I have to breakdown to any employer before I think of accepting a job offer. It is a very vital cost component that if it is reduced can help bolster your income level.
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Re: Stay close to your workplace to minimize your expenses.

Postby Uty Theo » 08 Nov 2023, 06:55

It would be very unwise to spend a greater bulk of our Salary on transportation.
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Re: Stay close to your workplace to minimize your expenses.

Postby augusta » 08 Nov 2023, 11:46

Nsikan wrote:Transportation cost to work is one of the things I have to breakdown to any employer before I think of accepting a job offer. It is a very vital cost component that if it is reduced can help bolster your income level.


Yes this is one area that employees should let employers know so that you don't get cheated with little pay when you are paying much for tfare.
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Re: Stay close to your workplace to minimize your expenses.

Postby Presh » 08 Nov 2023, 12:34

I personally calculate my transport from where I stay to a supposed place of work before I drop an application there so I know how I would negotiate my salary to cut costs.
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Re: Stay close to your workplace to minimize your expenses.

Postby King Belieal » 08 Nov 2023, 19:43

A good financial plan would involve you making sure that your net pay is positive by reducing the amount you spend on transportation to work and snacks in the workplace.
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Re: Stay close to your workplace to minimize your expenses.

Postby eldavis » 10 Nov 2023, 21:49

nela13 wrote:I don't work very close to my work, I need to drive for about 20 minutes to get there. I work in the city but I live in a rural area. I spend around 80€ every month on gas/diesel but buying a house in the city is completely out of the question.




How are you coping with this though? Does your salary cover these expenses or do you plan on moving to a closer place over time?
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Re: Stay close to your workplace to minimize your expenses.

Postby Jem Smith » 10 Nov 2023, 22:21

The trouble with that is that if you work in a city, usually it's much more expensive to live near the city center than further out. My partner commutes to a different city each day and that's still much cheaper than it would be for us to rent near his work. We also wouldn't be able to have a house with a garden if we lived in the city, so we couldn't keep chickens or grow vegetables and fruit.
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Re: Stay close to your workplace to minimize your expenses.

Postby JASPREET » 11 Nov 2023, 04:32

It does help but then you won't be able to get the max deserving salary
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Re: Stay close to your workplace to minimize your expenses.

Postby Uty Theo » 11 Nov 2023, 05:25

Jem Smith wrote:The trouble with that is that if you work in a city, usually it's much more expensive to live near the city center than further out. My partner commutes to a different city each day and that's still much cheaper than it would be for us to rent near his work. We also wouldn't be able to have a house with a garden if we lived in the city, so we couldn't keep chickens or grow vegetables and fruit.
I think overall, your approach makes financial sense. If you weigh it like that and it's financially better to stay in another city like your Case, it is okay.
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